Anil Singhvi's Market Strategy June 14: 10,850 and 26,600 to be a deciding level in Nifty and BankNifty; IDBI Bank is stock of the day
Indian market on Wednesday, June 13, 2018, closed in green as investors and traders remained cautious ahead of the US Federal Reserve decision on interest rates. The US central bank raised interest rates late at night and the hike is an indication or reflection of the continued robust and rising inflation in the world's largest economy.
Anil Singhvi suggests that traders reduce their buying positions on Nifty and BankNifty if they close below the mark of 10,750 and 26,450 respectively. Image source: YouTube